Mon Sep 23 07:10:48 UTC 2024: ## Vodafone Idea Shares Surge on $3.6 Billion Network Equipment Deal

**Mumbai, India, 23 September 2024:** Shares of Vodafone Idea Limited (Vi) surged today following the company’s announcement of a $3.6 billion (Rs 30,000 crore) deal with Nokia, Ericsson, and Samsung for network equipment over the next three years. The stock climbed as much as 14% to an intraday high of Rs 11.94, reflecting investor optimism about the deal’s potential to bolster Vi’s network infrastructure and market position.

The deal, which was finalized today, comes as Vi faces intense competition in the Indian telecom market. The company’s stock closed at Rs 10.48 on September 20, 2024, before the news of the equipment deal emerged.

The company’s market capitalization, as of September 20, 2024, is Rs 73,045.41 crore. Vodafone Idea shares have experienced a 52-week high of Rs 19.15 and a 52-week low of Rs 9.79.

**Disclaimer:** This news article is based on market data. Readers must consult with a financial expert before making any investment decisions.

**Meanwhile, in a separate incident in Madhya Pradesh,** a military special train was briefly halted after 10 detonators were found on the track. Railway authorities confirmed that the detonators were harmless and had been placed unnecessarily. The detonators, which are provided by the railways for safety drills, were subject to an investigation by the Railway Protection Force.

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